Russian Firms Adopt Stablecoins In Cross-Border Transactions With Chinese
After several Russian banks were barred from the SWIFT messaging system, Russian firms have started adopting the stablecoin USDT from Tether Holdings Ltd. in cross-border transactions with Chinese businesses. Following the revelation in a recent Bloomberg report that Russian commodities companies are using fiat-pegged digital currencies to conduct cross-border transactions with Chinese rivals, the stablecoin […]